Australia has suffered a major climate setback, losing its bid to host next year’s COP summit in Adelaide. At the same time, the Coalition has reignited Australia’s climate wars by abandoning its commitment to net zero emissions by 2050 – a reversal that resets the political debate just as the world pushes for faster decarbonisation.
In this episode, Rebecca Jones asks Bloomberg’s David Stringer to unpack what the failed COP bid means for Australia’s international standing, how the Coalition’s shift could shape the next election and what renewed climate volatility means for investment, energy transition plans and ultimately your power bill.
See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.
It’s home to the world’s biggest miner and the most China-dependent economy on Earth. The business news of Australia is more important than ever before. Join Rebecca Jones and our team of reporters each week for the smart local analysis you want, with the global context you need into Australia’s biggest stories.
Listen to more episodes of The Bloomberg Australia Podcast: https://www.youtube.com/playlist?list=PLe4PRejZgr0MSNZz7MxtmMlSmpoO6u61p
Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts
Visit us: https://www.bloomberg.com/podcasts
Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts
Visit our other YouTube channels:
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
For coverage on news, markets and more: http://www.bloomberg.com/video
#News #Podcast #Australia #Bloomberg
